SSA Investments To Sell 4% Stake In B&M European Value Retail

(Alliance News) - SSA Investments Sarl intends to sell a 4.0% stake in B&M European Value Retail SA, Merrill Lynch International said on Monday.

SSA, the Arora family investment vehicle, plans to sell around 40 million shares in B&M via an accelerated bookbuild, which will commence on Monday. Following the sale, SSA will own 109.9 million shares in B&M, representing an 11% stake.

Merrill Lynch International is acting as global coordinator in connection with the placing and NM Rothschild & Sons Ltd is acting as the sole financial adviser to SSA.

The results of the placing - including the number of placing shares to be sold and the price - will be announced "as soon as practicable" after the closing of the bookbuild.

B&M will not receive any proceeds from the placing.

Shares in B&M closed up 1.0% at 549.80 pence in London on Monday.

By Lucy Heming; lucyheming@alliancenews.com

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